Florida to join New York in lawsuit against major LCD makers for price fixing
Florida Attorney General Bill McCollum said on Tuesday he is suing the world's biggest makers of liquid crystal display screens for engaging in a "conspiracy at the highest level" to fix prices. McCollum's announcement came days after New York Attorney General Andrew Cuomo filed a similar lawsuit on Friday, alleging a decade of price fixing by major Japanese, South Korean and Taiwanese LCD makers and by their U.S. units. In a statement, McCollum, who like Cuomo in running for governor, said records subpoenaed by his office indicated the defendants organized the conspiracy "at the highest level of their organizations in various secret meetings and telephone conversations over a period of years." Among the defendants are well-known international LCD makers such as Samsung Electronics Co Ltd, AU Optronics Corp, Hitachi Ltd, LG Display Co, Sharp Corp and Toshiba Corp, the Florida attorney general's office said. It noted that some of the defendants and their employees had already been indicted by the U.S. Department of Justice and had paid over $890 million in criminal fines. Source - Reuters
This post does not have any comments. Be the first to leave a comment below.
Post A Comment
You must be logged in before you can post a comment. Login now.